By Shiwen Yap
Raffles Medical Group is in a healthy cash position, with plans for a share split
TEHO International’s Cambodia unit has terminated its joint venture deal, while Ezion has formed a JV to support its business operations in China.
Sinotel Technologies is delisting from the Singapore bourse and going private, while GS Holdings has launched a new associated company targeting the hospitality sector.
Singapore state investor Temasek Holdings said it plans to launch benchmark 6-year and 12-year euro-denominated bonds under its $15 billion guaranteed global medium term note programme. The net proceeds from the bonds will be used by Temasek and its investment holding companies for their ordinary course of business, it said… Read more »
SUTL and UEM Sunrise are forming a joint venture (JV) to develop marinas and other associated infrastructure and related services in Johor, while Ascendas REIT has completed the purchase of a Sydney logistics property.
Noble Group’s accounting back under scrutiny after fresh $1.2b writedown; faces first full-year loss in two decades.
Shares in the company have lost nearly 70 per cent of their value over the past year after Iceberg Research alleged it was inflating its assets by billions of dollars. Noble’s stock and bond investors have been concerned about the company’s ability to refinance its debt.
GL has aborted plans to sell a London hotel, Yanlord has acquired a new subsidiary and Heeton has led a consortium to expand their hotel prensence in the UK.
Caesar Sengupta, Google VP, says, “Singapore feels like the best place to do this. It sits at the center of a region with half of the world’s current Internet users, and more new Internet users coming online every day than anywhere else in the world.
Charisma has completed its acquisition of a 50% stake in Grenzone, while The Ascott is growing its Chinese footprint with a strategic partnership.
As per the deal unveiled last year, Alibaba would inject $67.85 million into Singpost unit Quantium Solutions International, and increase its equity stake in the latter to 34%. The deal also envisaged that QSI reorganise its business as a joint venture vehicle of SingPost and Alibaba Group